Tenancy laws are in place to protect renters rights when leasing an apartment or home. Without knowledge of your rights landlords may be violating yours. Below are some common questions and misconceptions about leasing.
What are the rules about rental deposits?There is much confusion about what a landlord can hold a deposit for. Some landlords or property managers will ask for a deposit for keys or pet damages. In Ontario Canada a key deposit is only applicable if additional keys are required.
A tenant may voluntarily offer a deposit against pet damages but tenancy shouldn’t be based on having one.
The maximum amount a tenant should be asked to pay for a deposit is the equivalent of one month's rent. Which is typically applied against their last month of tenancy.
